before giving a loan to a customer, a lender examines the customers credit report. which explains why the…

before giving a loan to a customer, a lender examines the customers credit report. which explains why the lender examines the customers credit report? to determine if the customer is a likeable person to determine the customers income to determine the customers job title to determine if the customer is likely to pay back the loan

before giving a loan to a customer, a lender examines the customers credit report. which explains why the lender examines the customers credit report? to determine if the customer is a likeable person to determine the customers income to determine the customers job title to determine if the customer is likely to pay back the loan

Answer

Brief Explanations:

A credit report shows a customer's credit - related history like payment patterns, outstanding debts etc. Lenders use it to assess creditworthiness and the likelihood of loan repayment. It has little to do with likability, income or job title directly in terms of loan - giving decision based on credit report.

Answer:

to determine if the customer is likely to pay back the loan